Re: Merchant accounts & Banks
When I signed up for a merchant account through Millenium BankCorp, they were simply the re-selller. They locked me in for 3 years. They hooked me up with Authorize.Net as the merchant and Pipeline Data Processing as the processor. They killed me with fees! It started out as $25/20 monthly...When I cancelled last month, the fees were $38.50/30. I had no processing problems with either, but cancelled in december due to Pipeline passing a $150 fee (besides the $100 annual fee) which VISA/MC passsed to them for each merchant. Turns out this is PCI Security Standards (.org) newest requirements from October, 2008.
Authorize.net processed out of country credit cards. Most merchant processors do. Since many foreign banks do not do Address Verification Checks, your system cannot ask for the verification otherise it will always return a bad response. For foreign transactions, either you will have to turn off the AVC or run the transaction manually.
I now use Paypal until I figure out what to do with Visa/MC...
CDG sounds interesting...
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